Shanghai Conant Optical First Half 2024 Earnings: EPS: CN¥0.50 (vs CN¥0.37 in 1H 2023)

Shanghai Conant Optical (HKG:2276) First Half 2024 Results

Key Financial Results

• Revenue: CN¥976.4m (up 18% from 1H 2023).
• Net income: CN¥208.7m (up 32% from 1H 2023).
• Profit margin: 21% (up from 19% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.50 (up from CN¥0.37 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shanghai Conant Optical Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are up 5.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Shanghai Conant Optical's balance sheet.

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